UK regulator fines Amazon over delay in releasing Deliveroo documents
The U.K.’s Competition and Markets Authority (CMA) has fined Amazon the equivalent of $72,000 after the retail giant missed a deadline to provide documents regarding its purchase of a stake in the food platform Deliveroo.
“Although Amazon did ultimately provide all of the information required, the CMA considers that Amazon’s behavior caused unnecessary delays to the CMA’s investigation,” the agency said, according to Reuters.
The CMA signed off on the purchase of a 16 percent stake in August, more than a year after Amazon led a $575 million fundraising in the platform. The regulator said Amazon missed the initial deadline for nearly 200 documents, including crucial information for its probe into the merger.
On Monday, the regulator announced a 55,000-pound fine over the delay.
The CMA launched an investigation into the Amazon-Deliveroo deal in July 2019, saying that it thought it could “result in Amazon and Deliveroo ceasing to be distinct.”